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Software Firm HashiCorp Tops IPO Goal to Raise $1.2 Billion

  • Cloud software firm prices shares above marketed range at $80
  • Startup formed by onetime Seattle classmates worth $16 billion
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HashiCorp Inc. raised $1.2 billion in an initial public offering, exceeding its goal for the share sale and adding to a record-setting year for software companies.

The San Francisco-based company sold 15.3 million shares Wednesday for $80 each after marketing them for $68 to $72, according to a statement confirming an earlier Bloomberg News report.